The latest business news around the world.
The latest business news around the world.
Normally, I am a fan of Steve Rattner’s work. The former Obama “Car Czar” makes great charts and seems to be a fairly level-headed asset manager. But in the great baseball game of punditry, we all occasionally step up…
New research has revealed that funding into new UK businesses still weighs heavily in favour of male-led businesses – who receive 6.2 times more in funding than women owned ones. Coming just after International Women’s Day 2023, the research highlights that…
Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned. The venture capital sector globally has been buffeted by rapid interest rate hikes…
Next has bought the Cath Kidston brand name for £8.5m, after the vintage-inspired British retailer fell into administration for the second time in two years. It is understood that about 125 jobs are at risk as administrators from PricewaterhouseCoopers are…
A London-based corporate intelligence specialist set up by former spies has launched an investment fund to support high-growth companies with the knowledge that it gathers from its network of contacts. Hakluyt has set up a growth fund focusing on Silicon…
Cheap imported products made in polluting factories abroad may face new green import taxes and middle-income families will be given grants to make their homes more energy efficient under updated government plans to hit net zero by 2050. The measures…
Included in President Joe Biden’s recently released budget proposal are several tax increases, among them an increase to the top marginal income tax rate. While the rate change, from 37 percent to 39.6 percent for income above $400,000 for single…
In Cleveland, OH, during his bid for the presidency, Walter Mondale blamed his opponent’s policies for turning the region into a “rust bowl.” Journalists latched on, and America’s Northeast became infamous as a region in terminal decline, earning the moniker…
Galaxy Digital has reported a net loss of $1 billion for 2022. The loss was attributed to unrealized losses on the firm’s principal investment portfolios. The crypto investment firm posted a pre-tax profit of $150 million for the first quarter…
Binance’s BUSD stablecoin has suffered nearly $500 million in outflows over the past 24 hours. The significant outflow came after the U.S. CFTC filed a lawsuit against the crypto exchange and its CEO. Binance’s customers have withdrawn over $800 million…
